O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2020 · Q171 Mark
When is the budget described as balanced?
Awhen direct taxes and indirect taxes are equal
Bwhen exports and imports are equal
Cwhen government spending and government revenue are equal
Dwhen the demand for money and the supply of money are equal
✓ Correct answer
C: when government spending and government revenue are equal
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